RMBS

The Federal Deposit Insurance Corporation (FDIC) today said Chairman Sheila Bair's official departure will be effective July 8.

A group of mortgage bondholders are seeking to get the defunct H&R Block's subprime lending unit Option One Mortgage to buyback billions in failed mortgages, according to a Reuters report today.

Fannie Mae on Friday reported a first-quarter loss of $8.7 billion after paying preferred dividends, as credit-related expenses spiked.

Markit is launching on May 12 its new Markit MBX, Markit IOS and Markit PO indices based on GNMA agency pools issued in 2010.

MBIA Insurance has filed a motion in the New York State Supreme Court seeking documents from Credit Suisse about RMBS it insured.

As the mortgage industry girds for life under the Dodd-Frank Act, two legislated products are capturing bankers' attention.

Mark Oman, a senior executive at Wells Fargo who helped build the bank’s mortgage business into one of the most competitive in the industry, announced that he will retire by yearend.

Redwood Trust, Mill Valley, Calif., earned $18 million in the first quarter, a 61% decline from the same period a year ago as lower net interest revenue and negative valuation adjustments took a bite out of its performance.

For year-to-date in 2011, global CMBS volume is currently at $11.2 billion comprising 12 deals, according to Dealogic.

The New York Federal Reserve has circulated the sixth list from its Maiden Lane II portfolio.